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Best of · Ethereum · Updated

The best Algo Stables on Ethereum in 2026

We track 12 Algo Stables that run on Ethereum and have reviewed 5 of them in full. Our top pick is Frax. Each one is scored on security, ease of use, fees and features.

Ranked list

  1. 1
    Frax logo

    Frax

    Algo Stables · Ethereum

    Frax is an Ethereum stablecoin system built around FRAX and protocol mechanisms such as Fraxlend and Fraxswap. Its dollar peg and audit coverage need closer checking before you rely on it.

    Read the Frax reviewVisit Frax(opens in a new tab)
    ScoreScore 5.0 out of 10
    TVL $28.4M−2.6%
  2. 2
    Ampleforth logo

    Ampleforth

    Algo Stables · Ethereum

    Ampleforth’s AMPL targets the purchasing power of a CPI-adjusted dollar by changing token balances, not by guaranteeing a fixed market price. Understand rebasing and check the project’s security disclosures before using it.

    Read the Ampleforth reviewVisit Ampleforth(opens in a new tab)
    ScoreScore 5.0 out of 10
    TVL —
  3. 3
    Generic.Money logo

    Generic.Money

    Algo Stables · Ethereum

    Generic is stablecoin infrastructure built around GUSD, not a general-purpose crypto wallet. Its yield and privacy features are promising, but check redemption, fees and contract details before committing funds.

    Read the Generic.Money reviewVisit Generic.Money(opens in a new tab)
    ScoreScore 4.8 out of 10
    TVL $13.7K−0.0%
  4. 4
    SPOT Cash logo

    SPOT Cash

    Algo Stables · Ethereum

    SPOT is an Ethereum-based, low-volatility crypto asset—not a dollar-pegged stablecoin. You can hold it or provide SPOT/USDC liquidity, but its costs and independent security assurance are unclear.

    Read the SPOT Cash reviewVisit SPOT Cash(opens in a new tab)
    ScoreScore 4.6 out of 10
    TVL $73.8K+8.3%
  5. 5
    Basis Cash logo

    Basis Cash

    Algo Stables · Ethereum

    Basis Cash is an Ethereum algorithmic stablecoin system built around BAC, BAS shares and bonds. Its $1 target is not collateral-backed, so peg and bond risks matter more than the stated design.

    Read the Basis Cash reviewVisit Basis Cash(opens in a new tab)
    ScoreScore 3.8 out of 10
    TVL $206K−0.1%
  6. 6
    Mento V2 logo

    Mento V2

    Algo Stables · Ethereum, Celo, Monad +1

    Mento is a protocol for creating stablecoins and swapping or managing Celo assets. The app’s fees, custody model and safety details are not clear enough to judge before you connect a wallet.

    Read the Mento V2 reviewVisit Mento V2(opens in a new tab)
    ScoreNot rated yet
    TVL $8.66M−1.9%
  7. 7
    Frax FPI logo

    Frax FPI

    Algo Stables · Ethereum, Arbitrum, Base

    Frax FPI is a stablecoin designed to track US consumer prices rather than the dollar. Its costs, current mechanics and security checks need closer verification before you use it.

    Read the Frax FPI reviewVisit Frax FPI(opens in a new tab)
    ScoreNot rated yet
    TVL $94.2K−0.2%
  8. 8
    XUSD Money logo

    XUSD Money

    Algo Stables · Ethereum

    XUSD Money is a algo stables project on Ethereum that appears to be inactive. Check its current status before sending it any funds.

    Read the XUSD Money reviewVisit XUSD Money(opens in a new tab)
    ScoreNot rated yet
    TVL $27.3K−0.9%
  9. 9
    Float Protocol logo

    Float Protocol

    Algo Stables · Ethereum

    Float Protocol is a algo stables project on Ethereum. Its team publishes little about how it works, what it costs or how funds are secured, so treat it with care.

    Read the Float Protocol reviewVisit Float Protocol(opens in a new tab)
    ScoreNot rated yet
    TVL $22.8K−1.3%
  10. 10
    TiTi Protocol logo

    TiTi Protocol

    Algo Stables · zkSync Era, Ethereum, Base

    TiTi Protocol is a multi-asset reserve-backed stablecoin project, but key details about costs, redemptions and safety remain unclear.

    Read the TiTi Protocol review
    ScoreNot rated yet
    TVL $7.00K−0.0%
  11. 11
    Fei Protocol logo

    Fei Protocol

    Algo Stables · Ethereum

    Fei Protocol is marked inactive, so it is not a good choice for new deposits. It was an Ethereum stablecoin protocol built around FEI and the TRIBE governance token.

    Read the Fei Protocol review
    ScoreNot rated yet
    TVL $7−0.9%
  12. 12
    Oin Finance logo

    Oin Finance

    Algo Stables · Ethereum, Harmony, Near

    Oin Finance is a algo stables project on Ethereum, Harmony and Near. Its team publishes little about how it works, what it costs or how funds are secured, so treat it with care.

    Read the Oin Finance reviewVisit Oin Finance(opens in a new tab)
    ScoreNot rated yet
    TVL —

Algo Stables on Ethereum: the numbers

Tracked
12
Reviewed
12
Total TVL
$37.5M
Avg. score
4.6/10

SkyBitcoins tracks 12 algo stables on Ethereum. Every one of them has a full review. The 10 that report TVL hold $37.5M between them, counting value on every chain they support. Frax dominates, with 76% of that total. The top five account for 100%, while the median algo stable holds $27.3K.

By value locked, the largest algo stables on Ethereum are Frax ($28.4M), Mento V2 ($8.66M) and Basis Cash ($206K). On SkyBitcoins scores, Frax ranks first at 5.0/10, ahead of Ampleforth (5.0) and Generic.Money (4.8). That makes Frax both the biggest and the best-rated. The 5 rated algo stables average 4.6/10, and none scores 8 or above yet.

Beyond Ethereum, these algo stables most often also run on Base (2), Celo (1) and Monad (1). Of the 7 with a confirmed status, 5 are active and 2 are inactive or wound down. Over the last seven days, combined TVL fell 2.4%. Frax dropped the most (−2.6%).

Largest by TVL

  1. 1Frax logoFrax$28.4M
  2. 2Mento V2 logoMento V2$8.66M
  3. 3Basis Cash logoBasis Cash$206K
  4. 4Frax FPI logoFrax FPI$94.2K
  5. 5SPOT Cash logoSPOT Cash$73.8K

Highest rated

  1. 1Frax logoFrax5.0
  2. 2Ampleforth logoAmpleforth5.0
  3. 3Generic.Money logoGeneric.Money4.8
  4. 4SPOT Cash logoSPOT Cash4.6
  5. 5Basis Cash logoBasis Cash3.8

Method

How we ranked them

Reviewed dApps come first. Each SkyBitcoins review scores security, ease of use, fees and features from 0 to 10 using public facts such as audits, documentation and on-chain data; the overall score orders the list, with total value locked as the tie-breaker. Projects we have not reviewed yet follow, ordered by total value locked. Scores are never sold.

Guides

Related guides

All guides

  • Blockchain

    How to Use Base: A Practical Guide for 2026

    Base is an Ethereum Layer 2 that lets you use compatible wallets and apps with ETH for gas. Learn how to set up a wallet, move funds, estimate costs and avoid common risks.

Frequently asked questions

What is the largest algo stable on Ethereum by TVL?

Frax is the largest algo stable on Ethereum by total value locked, with $28.4M across all the chains it supports. It is followed by Mento V2 ($8.66M) and Basis Cash ($206K). TVL figures come from DefiLlama and change daily.

Which algo stable on Ethereum has the highest SkyBitcoins score?

Frax has the highest score at 5.0/10, ahead of Ampleforth (5.0) and Generic.Money (4.8). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.

How many algo stables on Ethereum has SkyBitcoins reviewed?

SkyBitcoins tracks 12 algo stables on Ethereum. Of these, 12 have a full review and 10 report value locked, $37.5M in total, counting value on every chain they support.

Which algo stables on Ethereum grew the most this week?

Among algo stables with at least $1M locked, Frax the biggest drop (−2.6%). Combined TVL moved −2.4% over the same seven days.

What is the average score for algo stables on Ethereum?

The 5 rated algo stables on Ethereum average 4.6 out of 10. Of these, 0 score 8 or higher and 3 score below 5.